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$1,300,000
Est. payment /mo
3,287 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,287 sqft
Price per Sqft $395
MLS Listing ID A11978741
HOA Y/N No
Year Built 1965
Lot Size 0.317 Acres
Property Sub-Type Multi Family
Property Description
Excellent opportunity to acquire a 6-unit multifamily property in Oakland Park, ideally located east of U.S. Route 1. The property features a desirable unit mix consisting of four 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio, appealing to a broad tenant base. The property currently generates nearly $10,000 per month in rental income with a Net Operating Income (NOI) of $93,405. All tenants are on month-to-month leases, offering immediate upside through potential rent increases to market rates. Strategically located just minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport, the property benefits from strong rental demand in a highly desirable east-of-US-1 location. This is an excellent opportunity for investors seeking stable cash flow with significant value-add potential.
Location
State FL
County Broward
Area 3720
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Shingle
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 494222230060
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11978741
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Listed by Fausto Commercial Realty Consultants Inc
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316